Why Europe’s carbon collapse won’t kill emissions markets

For carbon markets across the world it was the best of times, it was the worst of times. Plummeting European Union carbon prices following a key EU vote seem to demonstrate in the clearest terms that cap and trade is doomed to fail. After all, “if carbon trading can’t make it in Europe, it can’t make it anywhere,” said Bryan Walsh of Time.
But declaring the death of carbon markets and cap and trade policy over Europe’s struggles is a knee-jerk reaction which overlooks significant developments for carbon trading around the world – ones which could ultimately rescue the EU and cement cap and trade as a global climate change solution………………………………………..Full Article: Source